Ethereum ETH/USD is traded at 436. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. The test area of Ichimoku Kinko Hyo signal lines near level 465 is expected, from which we should expect a rebound and an attempt to continue the fall of ETH/USD with a target below 365.
Ethereum forecast & analysis ETH/USD June 28, 2018
An additional signal in the fall of the cryptocurrency will be the resistance area test, as well as the upper bound of the «Triangle» model. Earlier, a medium strength signal was received to sell the Ethereum cryptocurrency, by crossing the signal lines at level 445.
The abolition of the Ethereum crypto currency fall variant will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the 495 area, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect to accelerate the fall of quotations ETH/USD is with the breakdown of the bottom of the model «Triangle» and the closure below the level of 415.
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